To Avoid a Contract, an Intoxicated Person Must Have Been

question 73

True/False

To avoid a contract, an intoxicated person must have been so intoxicated as to be unable to understand the consequences of his actions or unable to act in a reasonable manner.

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Definitions:

Startup Businesses

Newly established enterprises, often in the early stage of development, focused on bringing a unique product or service to the market.

Capital

Financial assets or the financial value of assets, such as cash and securities, used by a business to fund its operations and investments.

Profit-And-Loss Statement

A financial statement that summarizes revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.

Sales Revenues

The total amount of money generated from sales of goods or services by a company before any expenses are deducted.